The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below:
Job Standard Hours Standard Rate Standard Cost
Motor tune-up 1.50 $6.20 $9.30
The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 230 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $900 F
Labor spending variance $249 F
Required:
1. Determine the number of actual labor-hours spent on tune-ups during the week.
2. Determine the actual hourly rate of pay for tune-ups last week.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Nelson Company has $1,875,000 in current assets and $625,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory.
Answers (1)
A city which has the largest population and is the most powerful in a country demonstrates
Answers (1)
Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate of 11.87% to value the preferred stock which will pay a dividend of $3.23. How many shares will they need to issue
Answers (1)
On January 2, 2017, Lester Company, a calendar-year company, issued $40,000 of notes payable, of which $5,000 is due on January 2 for each of the next eight years the first payment is due January 2, 2018).
Answers (1)
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. In order to determine the effectiveness of the advertising campaign, a sample of 49 day's sales were taken.
Answers (1)
New Questions in Business
Using the information below for Sundar Company; determine the cost of goods manufactured during the current year:Direct materials used $19,200Direct labor used 24,700Factory overhead 54,100Beginning work in process 10,900Ending work in process
Answers (1)
Jane Almeda is interested in a 10-year bond issued by Roberts Corp. that pays a coupon of 10 percent annually. The current price of this bond is $1,174.45. What is the yield that Jane would earn by buying it at this price and holding it to maturity
Answers (2)
In a recent year, BMW sold 217,044 of its 1 Series cars. Assume the company expected to sell 226,244 of these cars during the year. Also assume the budgeted sales price for each car was $26,000, and the actual sales price for each car was $26,300.
Answers (2)
Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced managers.
Answers (1)
1) Decide whether you would expect relationship between the following pairs of dependent and independent variables (respectively) to be positive, negative, or ambiguous. Explain your reasoning. a.
Answers (1)